1997 (7) TMI 486

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....hosh, JDR, for the Respondent. [Order per : P.C. Jain, Member (T)]. - Briefly stated, the facts of the case are as follows :- 1.1 The appellants herein manufactures diamond drilling bits which fall under Tariff sub-heading 8207.00. In manufacturing these bits, the appellants use new industrial diamonds as also used salvaged diamonds from old used drilling bits. By an earlier order of the....

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....harges. The Superintendent, Central Excise raised the differential demands of duty on the said extraction charges of the old and used diamonds in arriving at the asses­sable value of the diamond drilling bits which had set in them salvaged diamonds. It is the contention of the appellants that the extraction charges cannot be included in the assessable value of the diamond drilling bits because....

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....alvaged diamonds in the market which is to be included in the value of. the diamond drilling bits and that has been taken already at Rs. 17 per carat. In that view also no further duty would be leviable-on the extraction charges collected by the appellants from its customers. 3. Opposing the contention, learned JDR Shri S.N. Ghosh has taken us through the order dated 8-11-1985 the Assistant ....

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.... manufacturing cost of the diamond drilling bits using salvaged diamonds. Therefore, there is no reason on the well accepted principles of the assessable value as to why this cost of extraction should not be included in the value of the goods. He, therefore, prays for dismissing the appeal of the appellants. 4. We have carefully considered the pleas advanced from both sides. We are inclined ....